Practice Areas & Industries: Loeb & Loeb LLP

Practice/Industry Group Overview

Practice Capabilities

The Commercial Real Estate Leasing Group at Loeb & Loeb is one of the most respected in the nation. From its base in the firm's New York office, the Group is recognized as leading commercial leasing industry experts and advisors to both landlords and tenants. The Group's focus on leasing, subleasing and brokerage transactions extends coast to coast to virtually every major city in the country. It closely partners with Loeb & Loeb's Real Estate Department to offer the broadest range of capabilities and services to our clients.

Chaired by Raymond Sanseverino, the Group handles virtually all types of commercial leases and subleases for a variety of usages including office and retail space, restaurants, fitness centers, museums and public buildings, libraries, schools, warehouse and distribution facilities and industrial and manufacturing facilities.

Services Available

The Commercial Real Estate Leasing Group and the attorneys within its sub-practices are able to provide added value to the primary industry sectors involved in commercial real estate leasing activities across the country. These include:

• Financial services providers
• Technology services companies
• Professional services (law firms, accounting firms)
• Non-profit and not-for-profit organizations
• Associations
• Retailers
• Restaurant and food service operations

Service Approach

The sophisticated capabilities provided by the Commercial Real Estate Leasing Group include the unique combination of savvy business skills and market knowledge needed to navigate the complexities of commercial leasing in order to identify opportunities and add value for our clients. At the Group's core are more than a dozen attorneys dedicated to commercial real estate leasing - many of whom have worked together for more than 20 years.

Not only do the Group's attorneys have extensive experience in today's competitive metropolitan New York market, but have the career longevity to remember and retain the lessons learned from varying commercial real estate market conditions.

While most commercial real estate matters can be handled within the Group and its sub practices, clients can be assured that additional resources from Loeb & Loeb's tax, insurance, financing, corporate, litigation and bankruptcy teams are available - as are others - to add breath and depth as required.

Clients and Industries

The Group currently represents landlords at some of the most prestigious properties in the United States. These include:

In Manhattan:

• One World Financial Center
• The Grace Building
• 17 State Street
• The Seagram Building
• Lever House
• 875 Third Avenue
• 545 Madison Avenue
• 345 Hudson Street

In Jersey City, New Jersey:

• Harborside Financial Center
• Newport Tower
• 101 Hudson Street

The firm also includes among its clients the owner of the retail condominium in the mixed use building at 15 Central Park West, which recently leased a 46,000-square-foot space to Best Buy, the biggest consumer electronics outlet in the US.

Representative tenant clients include:

• American Girl (The Pleasant Company)
• Aon Corporation
• The Bank of New York Mellon Corporation
• Borders Group
• KPMG LLP
• Legg Mason
• Lincoln Center for the Performing Arts, Inc.
• Massachusetts Mutual Life Insurance Company
• PRIMEDIA, Inc.
• Sports Museum of America
• Talbots
• The Thomson Corporation
• Trinity Real Estate

Leadership in Law

Mr. Sanseverino, the Group's chair, has been described by Chambers USA as "talented, resourceful, responsive and dedicated." He is highly regarded by both clients and adversaries for his knowledge of the greater New York metropolitan commercial real estate market, as well as the trends and opportunities offered in major cities around the country.

The respect Mr. Sanseverino has earned among peers in the legal world has earned him the nickname of "the lawyer's lawyer," especially when it comes to handling commercial real estate leases in prime locations across the country for some of the nation's largest law firms. Included among his major deals is one of the largest office lease transactions in US history, the 1.5 million square feet of office space in downtown Pittsburgh for Mellon Financial Corporation.

Practice Contacts